Wall Road’s Magnificent Seven: The US tech megacaps have shed practically $2 trillion since April 2 when US President Donald Trump introduced sweeping reciprocal tariffs throughout nations worldwide.
The “Magnificent Seven” shares amassed greater than $1.5 trillion in market worth on Wednesday after U.S. President Donald Trump paused his sweeping tariffs for 90 days, easing strain on tech giants that had tumbled in current classes.
The positive factors didn’t erase the $3.4 trillion in worth the businesses have collectively shed since their peak in late 2024, with some $2 trillion of these losses coming since final week after Trump slapped tariffs on imports from international locations together with main tech market and exporter China.
However the reprieve gave buyers a motive to purchase again these costly shares, whose valuations had reached stratospheric ranges as the businesses wager billions of {dollars} on constructing out artificial-intelligence infrastructure.
